Welcome to Real Estate Guide
Las Vegas Residential Real Estate Article
This is a selection made from among articles on Las Vegas Residential Real Estate. For a permanent link to this article, or to bookmark it for future reading, click here.
"How To Increase Your Net Worth By $20,000 to $100,000 On Every Real Estate Investing Deal You Do"
from: Robert K. LearConsider these parameters for a real estate deal:
Property Value: $250,000
Purchase Price: $160,000
Repairs: $2,500
If you analyze the numbers, you see that the equity available in this deal is $87,500 (Property Value minus Purchase Price minus Repairs).
So here's a hypothetical question for you: Assuming that the information above is accurate, and the property is located in an area that you view as acceptable and/or favorable, then:
If I offered to give you this deal in exchange for $10,000 in cash, would you do it?
Remember - this is hypothetical. The real question here is this:
Would you exchange $10,000 in cash for $87,500 in equity?
For most smart investors, the answer is: Absolutely YES!
And this is called "Wholesale Real Estate Investing" - the process of buying a lot of equity at a very significant discount from another real estate investor who has already done the hard work of finding a deal and getting it under contract.
Just think about that - consider how easy real estate investing would be for you if you had a network of real estate investors in your area (and maybe all over the country) who, several times each month, offered you the opportunity to purchase significant amounts of equity for a severe discount...
...It would be quite easy to become wealthy, wouldn't it?
The answer is: Yes, it will.
You've got to admit - it will be a pretty wonderful thing when you know how to find great real estate deals in which you can trade a small amount of cash for a large amount of equity without even having to find the deal yourself...
...and that's exactly what wholesale real estate investing is all about.
Wholesale real estate investing is conceptually very simple. Here's how it works:
First, "Investor A" finds a great real estate deal with a lot of equity. Typically, Investor A will have spent a significant amount of time, money and expertise to find the deal, negotiate the term and get the property under contract. By putting the property under contract, Investor A now has control of the property, and the equity in the property.
(For this example, imagine that Investor A has found a property worth $200,000 and has set a purchase price of $115,000 and he also knows that there are $15,000 in repairs, which leaves an equity position of $70,000).
Second, "Investor A" finds another party, "Investor B". Investor B recognizes that the contract that Investor A has established is worth $70,000 in equity, and so he strikes a deal with Investor A to turn the deal over to Investor B in exchange for some amount of cash (we'll use the value of $12,000 in this example).
So Investor A is giving up $70,000 in "potential" profit in exchange for $12,000 in current profit. And Investor A is paying $12,000 because he believes he can make more than that on the deal, since there's a full $70,000 of equity.
This deal between Investor A and Investor B is called an "Assignment", because Investor A is assigning the contract to Investor B.
Third, Investor B does his "due diligence" to confirm that the deal is as good as he thinks it is.
Finally, Investor B closes the purchase of the property, and Investor "A" receives the assignment fee from Investor B.
This is, obviously, a simplification of the process. But this is essentially how it works - not so difficult, is it?
About the Author
Free periodic notification of excellent "wholesale" real estate investing opportunities plus free online training that reveals how wholesale investing works and how you will make money from it including deal-finding strategies and creative investing tips.
http://www.RealEstateInvestorsTraining.com
robertlear@realestateinvestorstraining.com
Warning: file(http://www.searchfeed.com/rd/feed/TextFeed.jsp?trackID=&pID=60557&cat=las+vegas+residential+real+estate&nl=5&page=1&excID=) [function.file]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found
in /home/jts066s/public_html/online-real-estate-guide/datas/searchfeed.php on line 8
Las Vegas Residential Real Estate Specific links
Las Vegas Residential Real Estate News
Las Vegas-area real estate brokerage cuts ties with Coldwell Banker
A shake-up was announced in the Las Vegas residential real estate market on Friday, with Wardley Real Estate saying its longtime relationship with franchisor Coldwell Banker has ended.
Read more...Las Vegas Real Estate Market Starts 2012 on 10-Year High of 48,186 Home Sales According to LasVegasRealEstate.org
Las vegas homes for sale becoming most recognized choice among global investors as the risk of deeper recession in Europe emerges. LasVegasRealEstate.org reports 10% of home sales are foreign and out-of-state buyers taking advantage of the #1 city in America for real estate investing with a current medium home price of $124K.Las Vegas, NV (PRWEB) January 31, 2012 Homes for sale in Las Vegas hit ...
Read more...Developer Says Real Estate Market Is On The Mend
With two decades of experience selling land in Las Vegas, Bill Lenhart feels like he has a good understanding of the fundamentals that drive the real estate market. Lenhart, managing member of Sunbelt Development & Realty Partners, has brokered hundreds
Read more...Revestor Adds Las Vegas, Nevada to Its List of Available Cities
LAS VEGAS, NV-- - Revestor is a website for homebuyers and real estate investors to search homes-for-sale by the highest potential returns. In 2011 Las Vegas had a record number of home sales. Revestor's ...
Read more...Luxury Real Estate Partners and mylvcondosales.com Announce the Arrival of Resale Condos at CityCenter Las Vegas
CityCenter Las Vegas comprises of the Aria Hotel and Casino, the Mandarin Oriental Las Vegas, Veer Towers and Vdara Condo Hotel and Spa.Las Vegas, NV (PRWEB) January 25, 2012 http://www.mylvcondosales.com will be offering resale condos in the following towers:Veer Towers at City Center offers unobstructed views of the Las Vegas Strip with interior features of stainless steel appliances ...
Read more...Las Vegas Auction Offers a Unique Live/Work and Investment Opportunity near Proposed DesertXpress Station
Leading online real estate auction marketplace, Freedom Realty Exchange, features a prime real estate asset adjacent to future site of the high-speed rail station.Las Vegas, NV (PRWEB) January 18, 2012 From the outside 3081 Business Lane looks just like another industrial property for sale, but it is much more than that; it is a buyer’s opportunity to determine the price on a property that ...
Read more...Prices Fell More Than Forecast in 20 Cities
Residential real estate prices fell more than forecast in November, showing distressed properties are hampering improvement in the U.S. housing market.
Read more...